RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Est end of Montreal will get the REM ...well well well, Now It's possible. They might pull it off. BRP is very sucessful. I think the Family is splitting up. They're tired of Pierre B. That's the reason for the spread. I hope you're right on your prediction. I'll sell lots for for $7 bucks.
Cheers pal.
859
bicente wrote: It's a really long hard story to tell , the govt-bomber relationship, and I believe that when the bomber threatened to sell to the Chinese it as le went sour ... I'm not privy to any of the important info but I do know that the Cdpq was pulling many strings after their involvement and investment ... why wouldn't the CDPQ want the bomber to have all these contracts when it actually owned a good chunk in the bomber and any profits would be taxed in-house , plus country pride to boot ? Well because they knew the bomber was failing with the CSeries and didn't want to let it go ... so they gave one last ounce of blood then they sucked the bomber dry ... the bomber would not have been in such a mess had they sold to China years ago ... I was under the impression that the ties with govts would still be there even after the CSeries giveaway since the govt will be making a fortune with the AB jobs but I guess I was wrong ... this extension of the REM is proof that the govts weren't going to play ball with the bomber anymore so no chance to get govt contracts anyway , why keep it if they can get good money ... one day we will learn how it came to the point of letting a crown jewel get away , for
now I just hope the family has enough pride left to make the business jets business as successful as BRP- quote=BBDB859]Hey Club and Bicente.
I think that the Canadian prov. and Fed's knew that the Bomber was in bad shape. They forced the sale of the only saleable division to save the Bomber.
As for giving the contract to Alstom. Why not? Alstom is now controlled by CDPQ being it's largest shareholder. Plus they're keeping jobs here. That's what's happening IMHO.
Bicente as for your idea for the Family losing control of BA similarily to BRP. I hope it happens. If the buyout is for $7? I'l be as happy as a pig in shite. All of us here can't wait for this dog to have it's day. But I hope that they don't waste this opportunity when they get all that cash from Alstom. I've seen this movie way too many times with these idiots. I'm done with it. The BLUNDERS never stop.
Cheers
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clubhouse19 wrote: Yes I do know how much....the rail part is worth 1.8 billion of the over 7 billion of the project.. I do not know if any of that 1.8 billion is slated for here if any ?
The bomber had to give an arm as collateral for that 1 billion in credit facility..
they had squat left for really anything else. Sometimes it is better not to get than to do so in fact considering the pandemic, it is even better they did not get it.
bicente wrote: obviously you do not understand how much money this will be thrown at a foreign country , the CDPQ is part of this contract/risk , and yes it is a risk , anything can happen between now and the completion and even the best company can scam the govts .. so yes , any comany used will be a risk and betting on the bomber would have been the right thing to do with the original REM .. knowing that govts were planing this huge REM without choosing the bomber in inconceivable and I now understand the sale of Bombardier transportation even more ... the next step would be cleaning up the balance sheet , getting some nice low-interest financing , a couple of positive quaters and BANG , a buyout offer at say 7$ / share and the bomber moves to the US... family makes out like a bandit , we shareholders make some cash and the GOVTS are left scratching their heads ...we eat our own ... GLTA
clubhouse19 wrote: You are dreaming in color if you think such a thing and considering their recent history in delivering...
You would have to wonder what the conditions would have been even if they found the money.
I certainly would not have taken a chance and neither should the case have taken that chance,
What collateral would they have left to offer considering their balance sheet...Like I said..anyone offering them any kind of financing would have had to have his head examined.
Those are the facts,,,no matter what the issues were on mass transit investment.
bicente wrote: the bomber would have found money coming from all directions if they had the contracts in their back pockets ( like many contractors have had in the past when dealing with govt contracts) ... I Govt contracts can get very profitable with extras and bonuses ... it was decided a long time ago that we would not invest in our transit with any kind of seriousness .. I don't blame the bomber for selling ,today just confirms what I thought all along : the govts never got along with the bomber ( the family) ... GLTA
clubhouse19 wrote: Does anyone really think that the Bomber had a secure enough balance sheet to handle such a project.
Considering what the history was of the rail divison and importantly their balance sheet...I don't think anyone in their right mind would have taken that chance.
https://www.railjournal.com/fleet/alstom-unveils-new-trains-for-montreal-rem/
bicente wrote: I watched the press conference , when an english speaking news reporter asked Legogo how this project would be good for the economy ( the trains being bought), Legogo went on about that we have 7 projets around the Mopntreal area being built and that they will have the 25% canadian content as per their agreement with "other countries" ... I swear we are the butt of all jokes around the world , we did not have the dalls to stand our ground and use bombardier products as a showcase for the rest of the world to drool over ... we had the best but our govts couldn't fight for the right to use our own products , what a joke ...but I guess the joke is over and we will be happy to over-pay for our trains now ... I feel sorry for the next generation who will have to pay for the govts continuosly screwing everything up .. GLTA
quote=Shamhorish]bicente, exactly, another proof that Quebec and canadian gov, imo are agents for france and usa
they run the country and provences for the best of france and usa
not for the benefits of canadians
imo, they watch over all innovation, and make sure it fall in hands of france or usa
real evil work
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